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An investment doubles in worth every 7 years. Theworth of this (September 2023 - G01)

An investment doubles in worth every 7 years. Theworth of this investment was $24,000 exactly 21 years after the investment was made.

The worth of thei nvestment exactly 8 years after the investment was made was between:

F. $0 and $3,000
G. $3,000 and $6,000
H. $6,000 and $9,000
J. $9,000 and $12,000
K. $12,000 and $24,000

Solution

Exam Edition: September 2023 - G01

Exam Year: 2023

Related topics: Basic Arithmetic Operations, Ratios or Proportions